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Process Oil Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-25
Process Oil Market
The major drivers for process oil market is the growth of end user industries. Moreover, the benefits outweigh the capital expenditure costs of process oils. The major challenges include the presence of carcinogens polycyclic aromatic hydrocarbons (PAH) and polycyclic aromatics (PCA), which can cause carcinogenic mutations. Stringent regulations has led to development of non-carcinogenic alternative.
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Process Oil Market Taxonomy:
On basis of oil type, the process oil market is segmented into:
Naphthenic Oil
Paraffinic Oil
Aromatic Oil
Non-carcinogenic Oils
Treated Distillate Aromatic Extract
Mild Extract Solvated
Residual Aromatic Extract
Bio based Oils
On basis of end use industry, the process oil market is segmented into:
Personal Care
Cosmetics
Toiletries
Polymers
Textile
Automobile
"Under the hood" automotive parts
Automobile moldings
Tire whitewalls
Construction
Sound and vibration dampening materials
Wire and cable insulation and sheathing
Weather stripping and rubber membranes
Roofing compounds
Agriculture
Industrial
Conveyor belts for food processing
High temperature application
Adhesives, sealants and coatings
Others
Naphthenic process oils have good color and thermal stability, hence they are used for floor tiles and LPG tubes. Paraffinic process oils have high viscosity and flash point, which are largely used in automotive applications. Aromatic process oils are blended to meet stringent regulations and specifications. Bio-based process oil is used in the automobile and tire industry. Non-carcinogenic process oil is free of carcinogens and meets the regulations of PAH
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